Liberia: In Japanese Oil Deal - What Happened to $8.5 Million Earmarked for Development Projects?

Jul 22, 2014 | Augustus D.R. Bortue, AllAfrica
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There is public concern regarding the status of a US$8.5 million, which was reportedly deposited in an Escrow Account at the Central Bank of Liberia (CBL) for development projects in Liberia.

The US$8.5 million in question, according to cogent information gathered by the Heritage, were accrued as proceeds from the sale of the Japanese Oil Grant.

The Heritage also gathered that some of the money had been expended. But it has no information about how the money was used.